Social Tokens and Creator-Centric Economies

Blake: On social tokens, I don't have a concrete way of how it will happen, but I think at some point, people will hold these tokens whether earned or bought, and it’ll unlock access to communities or access to creators, or both.

Big trend emerging around fans holding tokens to get access to different experiences and that raising network value of token. If the team is holding its own treasury of the tokens and token value is increasing, could team start earning from the treasury? An example is WHALE community where moderators earn tokens. How you distribute tokens, to whom,... See more

So I believe that the social networks of tomorrow will be crypto-native platforms that enable you to collect, trade and get rewards based on when you bought an asset and how long you hold onto it. With Web3, the frontiers between creators, curators, and collectors will continue to blend.

In Web3, creators monetize through the issuance of a social token or NFTs, with non-fungible tokens acting as digital media ownership.